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Stocks rally on corporate profit reports

Stocks rallied Wednesday, with the S&P 500 touching its highest level since early May, as corporate profits from bellwethers like Intel and Honeywell defied the market's worst fears.

 

U.S. Stocks Tilt Higher

Stock Market

Stocks ticked up after Monday's global selloff, as a measure of home prices fell less than expected. The S&P 500 rose five points, or 0.4%, to 1319 in mid-afternoon trade. The index's consumer discretionary sector advanced 1.3%, on track for its steepest daily climb since June 14.

 

Wall Street opens higher ahead of Fed meeting

Stock Market

Stocks advanced on Tuesday, putting the S&P 500 on track for its fourth straight gain on increased hopes for central bank stimulus measures ahead of the Federal Reserve's policy meeting.

 

S&P 500 Rises to Highest Level Since 2008 on Improving Earnings

U.S. stocks rose, sending the Standard & Poor’s 500 Index to its highest level since June 2008, as companies from United Parcel Service Inc. to Ford Motor Co. and 3M Co. beat analysts’ profit estimates.

 

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